Grexit Is So 2012. Citigroup Introduces Grimbo to Crisis Lexicon
Citigroup's Rahbari on Greek Debt Crisis, Outlook
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Citigroup Inc. economist Ebrahim Rahbari is again adding to the dictionary of financial markets.
In February 2012, he coined the term “Grexit” to describe the risk of Greece leaving the euro area. At the time, he and his fellow economists at Citigroup put the probability at 50 percent within 18 months. They later raised it to 90 percent by 2014.